LATEST NEWS UPDATES FROM ENERGYINFRAPOST

POWER/COAL/MINES/RE

Union Minister of State (IC) for Power, Coal, New and Renewable Energy, and Mines, Piyush Goyal, while presiding over the launch of ‘URJA MITRA App’ and inauguration of the ‘Rural Feeder Monitoring Scheme’ here today, said that the Government is engaged in preparing the Nation to truly get 24x7 affordable, quality and uninterrupted adequate power.

China's wind and solar sectors could attract as much as 5.4 trillion yuan ($782 billion) in investment between 2016 and 2030 as the country tries to meet its renewable energy targets, according to a research report published on Tuesday

Shares of Suzlon Energy advanced over 2 per cent in early trade on Tuesday after wind turbine manufacturer on Monday informed bourses that the group has bagged an order of 50.4 MW to supply 24 units of its S111 turbines of 120 meters from a power producer for its project in Karnataka.

A study carried out to assess the solar rooftop potential of Greater Mumbai has shown that Mumbai has a potential to generate 1,720 megawatt (MW) of solar energy across rooftops including residences, educational institutions, government buildings and industries

State-owned power equipment major BHEL today said it has bagged an order from Indian Railways for installing 2 MW rooftop solar photovoltaic systems at Diesel Locomotive Modernisation Works (DMW) in Patiala.

An infrastructure fund of Australia’s Macquarie Group Ltd has agreed to buy about 330 megawatts (MW) of operational solar assets from power producer Hindustan Powerprojects Pvt. Ltd for an enterprise value of $600 million, said two people familiar with the discussions.

Hyderabad-based renewable energy producer Mytrah Energy India Pvt. Ltd is in advanced talks to raise Rs1,800 crore in structured debt funding from Piramal Capital’s structured finance group (SFG), two people directly aware of the development said on condition of anonymity.

Bengal is set to develop the country’s largest coal mine in Birbhum district, with the Centre allotting the development rights for the Deocha-Pachami coal block to the state under the government route.

Chief Minister Yogi Adityanath today ordered 18-hour power supply in villages, 20-hour at tehsil level and in Bundelkhand region besides deciding to ink a pact with the Centre to ensure electricity in all UP villages by 2019.

OIL AND GAS

The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 54.35 per barrel (bbl) on 10.04.2017.

State gas utility GAIL India Ltd will hire ships on short term to ferry gas from the US after it was forced to scrap a USD 7 billion tender for making vessels in India, Oil Minister Dharmendra Pradhan has said

Saudi Arabia and international oil companies have discussed gas venture opportunities inside the kingdom and abroad as part of the top crude-exporting country`s drive to diversify investments before the listing of national energy giant Saudi Aramco.

INFRASTRUCTURE

The post-poll era of Uttar Pradesh is populated with news on cow politics and Romeo squads, but India Inc., is making a beeline in the State as the new government is all set to revamp the infrastructure of the State by investing heavily in roads and power sector, informed an observer, while speaking to a leading English daily

The Karnataka High Court on Monday ordered issue of notice to the Indian Railways on a PIL petition, which has sought a direction to the authorities to operate exclusive daily overnight trains between Bengaluru and Karwar, and Bengaluru and Kannur in Kerala on the recently commissioned Kunigal railway line.

A SHARP dip in the sugar production in Pune and adjoining areas has led to a fall in the earning of Pune Division of the Indian Railways too, as the freight earning from sugar transport has fallen by 25 per cent over the last year.